demand schedules in a sequence of double auctions. A stationary linear equilibrium and its efficiency properties are … characterized explicitly in closed form. Slow trading (few double auctions per unit of time) serves as a commitment device that …

, replacing more traditional ascending or clock auctions. We describe some surprising properties of the auction, including a wide …

electricity is traded through high-frequency auctions for highly inelastic demand, firms have weak incentives to adjust markups …

-auto auctions, an $80 billion industry where buyers and sellers participate in alternating-offer bargaining when the auction price …

model includes a different approach to the problem of multiple equilibria in multi-unit auctions: I non …

Bidders' risk attitudes have key implications for choices of revenue-maximizing auction formats. In ascending auctions … transaction prices and participation decisions in ascending auctions with entry costs. Nonparametric tests are proposed for two … of risk attitudes in a more general model of ascending auctions with selective entry, where bidders receive entry …

The economic literature on online auctions is rapidly growing because of the enormous amount of freely available field …-now options) in online auctions, as well as some of the literature dealing with online-auction design (including stopping rules …